Plan Snapshot
- Plan Sponsor: First National Bank Of Central Texas
- Sponsor EIN: 740766260
- Sponsor Address: 1835 N. VALLEY MILLS DR., WACO, TX, 76710
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $16.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 109 | $16.5M | $429,858 | $644,014 |
| 2023 | 99 | $14.4M | $389,832 | $601,083 |
| 2022 | 97 | $12.4M | $343,696 | $524,237 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| JRBT, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $63,710 | $57,597 | — | — | — |
| 2023 | $56,128 | $47,712 | — | — | — |
| 2022 | $47,141 | $43,903 | $3,238 | — | — |